"CXMT of China Plans Additional Memory Chip Plant in Beijing"

"Monthly Production Capacity to Double"

On August 3, Reuters, citing multiple sources, reported that Changxin Memory Technologies (CXMT), China’s largest memory semiconductor company, is pushing forward with plans to build an additional memory semiconductor plant in Beijing.

According to the report, CXMT is considering the construction of a new 12-inch memory semiconductor plant in Yizhuang, located in southeast Beijing, and is currently discussing funding solutions with the Beijing Economic-Technological Development Area.

Some state-owned enterprises are also reportedly expressing their intention to participate as investors.

However, sources stated that these talks are still in the early stages and that the investment size and financing methods could be subject to change in the future.

Chinese memory semiconductor company Changxin Memory Technologies (CXMT). Yonhap News.

This investment plan appears to be aimed at responding to increasing global demand for memory semiconductors.

Previously, Reuters reported that CXMT is also pushing for new plant construction in Hefei, Anhui Province, where its headquarters is located, and in Shanghai, while also holding investment discussions with other local governments.

If all these plans come to fruition, CXMT’s monthly production capacity is expected to double from its current level to 600,000 wafers.

According to sources, CXMT currently operates a total of three plants, including in Hefei, with each plant’s monthly production capacity at around 100,000 wafers.

The production scale and investment amount for the new Beijing plant have not yet been disclosed.

The industry estimates that building an advanced memory semiconductor plant typically requires over USD 10 billion (approximately KRW 14.3 trillion).

On July 27, CXMT was newly listed on the STAR Market, China’s equivalent of the Nasdaq, and its market capitalization topped 3.28 trillion yuan (about KRW 708 trillion) on its first trading day, making it the company with the highest market capitalization on China’s mainland stock exchanges upon listing.

This content was produced with the assistance of AI translation services.